Wm to acquire stericycle, a leader in medical waste services, for $7.2 billion

Houston & bannockburn, ill.--(business wire)---- $wm--waste management, inc. (nyse: wm) and stericycle (nasdaq: srcl) announced today that they have entered into a definitive agreement under which wm will acquire all outstanding shares of stericycle for $62.00 per share in cash, representing a total enterprise value of approximately $7.2 billion when including approximately $1.4 billion of stericycle's net debt. the per share price represents a premium of 24% to stericycle's 60-day volume weighted aver.
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